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Governments pass laws which set the rules for how markets work. We have a huge numbers of laws in Australia, covering every industry. Even when governments claim to deregulate, all they do is reduce the amount of regulation. The only so-called 'free' markets are the illegal ones, which governments hate.
That is NOT how a Free market works Mick.Quote:
Governments pass laws which set the rules for how markets work.
When ANY government fiddles about with markets via subsidies, taxes or creating new laws they ALWAYS Stuff it up.
Okay, so can you name a market which is totally free of government regulation?Quote:
Originally Posted by trout1105
Somalia?Quote:
Originally Posted by DiscoMick
So Disco Mick , It looks like I have to provide you with some definition of Free markets( with regulation ) and government mandated markets.
The AWB was a controlled market. Every farmer had to sell their wheat to the AWB. They could not sell to anyone else.
No company could import wheat to Australia . Ir was prohibited.
Now farmers can sell to any trader. They can store wheat on farm. If meeting quarantine they can import wheat.
That is a free market.
Similarly with Barley.
Similarly with the handling of wheat through the NSW Grains Board . Farmers could only move their wheat using Nsw Grains Board wagons. Now they can use trucks, cars whatever.
Similarly with Milk regulation. farmers could only sell their milk to the local coop or company and the coop or company had a local monopoly. Now Farmers can sell to anyone and there are no local monopolies.
Here endeth the lesson.
Do you see the difference?
One the seller can only sell to one organisation run by the Government, the other the seller can sell to anyone while abiding by some regulations.
Regards PhilipA
Yes, but there are still regulations, as you said, so it's not a free market.
The Federal Government of Somalia might have something to say about that.Quote:
Originally Posted by Eevo
Gumtree [biggrin]Quote:
Originally Posted by DiscoMick
Cash economy is free from government regulation - they try hard to stop it but they haven’t managed to regulate it at all - No rules on what can and can’t be done, no tax, no one knows. Still going on a LOT and with big money. [emoji6]
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